Al-Jouf Agricultural Company signs a banking facilities agreement with BSF worth 160 million riyals

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ALJOUF

6070.SA

56.80

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Riyadh - Mubasher: Al Jouf Agricultural Development Company (Al Jouf Agricultural ) announced signing a Sharia-compliant banking facilities agreement with Banque Saudi Fransi worth SAR 160 million.

The company explained, in a statement today, Thursday, on “Tadawul”, that the financing period One year ending December 31, 2025.

The company stated that the guarantees provided for financing are in exchange for financing. Promissory note, indicating that the purpose of the financing Supporting working capital, financing documentary credits and issuing letters of guarantee to support the company’s expansion plans and supporting and financing the expansion project of the new potato fingers factory.

The company added that there are no related parties .

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